Welcome to March and Happy St. Patrick’s Day!!! We wish you the ‘luck o’ the Irish’ and hope you are looking forward, like us, to some spring weather!
As you should have heard via our video we sent out a couple weeks ago, the social media announcement and the letter we mailed about a week ago, there are some BIG changes coming to our team. We are extremely excited for some new opportunities for each of us that change is bringing. Thank you to everyone who has reached out via social media, text, phone call, e-mail, or in-person for the extremely supportive words of encouragement. One thing I want to be absolutely clear on and that is I am not retiring! In case you missed our big news, here is a breakdown.
Thea, as most of you know had her first child last May and has decided that staying home to raise her son is what she is being called to do. We are so excited for her and her family and know that she will love spending more time with Parks. Thea will continue to work with our buyers currently under contract and buyers currently looking for homes. We will ensure all of our buyers continue to receive the same outstanding service they have become accustomed to receiving!
Kylie is going to start a health company. This has been a dream of hers for over 10-years and we are excited she is following that dream and wish her all the best in her next chapter. If you have worked with our team in the past 10-years, you have experienced Kylie’s work and know just how detailed and systematized she truly is. She has been such an amazing asset to our clients for the past 10-years.
Our virtual assistant Mark helps Kylie behind the scenes working on reports, social media posts, video editing, website work and communications. He has been given the opportunity to get into management at his company. Mark has been such a great addition to our team and we are so fortunate to have been able to work with him for the past 3-years.
So, that leaves me! I have been called to coaching and training. It is something I have wanted to do for the past 3-years and many people have encouraged me to be a coach. I developed a curriculum that doesn’t exist anywhere that will help real estate agents provide a higher level of service to their clients, while making quite a bit more money; clients get a much better experience; and the vendor partners involved in the transaction get more work and provide a higher level of service as well being a part of this program. It is truly a triple win! I am excited to teach this on a national level!
So, our team is going to partner with The James Embry Team and combine forces. I will be a Senior Partner. You will still hear from me regularly and I will still be available to answer questions, provide insight on the market, and be involved in real estate. I just won’t be directly selling. Again, I am NOT retiring! I have known James for over 20-years as he and I worked at my dad’s company CENTURY 21 Realty Group I and then at Keller Williams. James and his team are outstanding and are the #1 team in our office. We have shared the high expectations our clients have become accustomed to and they are committed to ensuring those are met.
Our official transition date is April 1st. Like Thea, I will continue to work with our pending transactions as well as sellers who are active and going on the market before April 1st. I will also be helping a few sellers with whom I have been helping prepare to go on the market. We have been planning this transition for over 3-months to ensure it is as smooth as possible.
I will still be sending out our monthly newsletter and video and will look forward to celebrating your birthdays and anniversaries with you as well! You know those are my favorite calls to make! I will share how things are going in our new ventures in those monthly communications.
The one thing I am happiest about most is that all of us are following our dreams. Truly, I wish that for everyone. Every single person deserves to follow their dreams. We absolutely adore our clients and are so protective of them…some for 3 generations! When you, or someone you care about is thinking about buying a new home, selling your current one, building a home, investing in real estate or need to find an excellent agent outside of Indianapolis, please call me!! We will continue to take great care of you/them.
Please do call and stay in touch-317-339-7698. I always love hearing from you!!!
Finally, we sure hope you will come to our March Happy Hour sponsored by Walla Painting. We are moving it up a week this month to the 2nd Thursday of March, the 14th from 5-6:30pm due to March Madness starting on March 21st. Please RSVP to Kylie@Welcome2Indy.com. This will be an opportunity to say farewell to Kylie and Thea and we hope you will stop by. I will still be hosting our Happy Hours and will look forward to seeing you the rest of the year!
As always, here are the MIBOR stats for the 16 counties around Indy comparing January 2024 to December 2023:
Median Sales Price=$280,000 UP 0.4%
Closed Sales=1,589 units DOWN 23.6%
New Listings=2,052 units UP 30.5%
Pending Sales=2,343 units UP 38.6%
Median Days on Market=31 days DOWN 1.6%
Average Days on Market=57 UP 4.6%
Price per s.f.=$148 NO CHANGE
% of List Price Received=97.2% DOWN 0.2%
Active Inventory=3,325 units DOWN 21.2%
Months Supply of Inventory= 2.1 months UP 3.1%
These numbers are all indicating that our market is heating back up from winter and we are already seeing some very big numbers in new listings, showings and multiple offers. The biggest wild card is The Fed and if they will hold steady on the rates or if they will start cutting them as was expected a couple of months ago. Fannie Mae and Freddie Mac are predicting 30-year fixed conforming mortgage rates will hit 5.8% by the end of this year. We will see if that plays out. Hold on tight as this spring is gearing up to be very busy!!
Click here to read our St. Patrick's Day edition of our newsletter.
Happy St. Patrick’s Day!!
Your Friends in Real Estate,
Steve, Kylie, Thea, and Mark
P.S. Please continue not keeping us a secret!!!
